The maker of edgy headphones and earbuds announced that Hoby Darling would be taking over as the company’s CEO. Darling was formerly the GM of NIKE, Inc. (NYSE:NKE)’s Nike+ Digital Sports division, giving him some seasoned global branding experience that should come in handy.
Skullcandy can use the fresh vision. It stunned investors last month by warning that it would post a loss on a 30% drop in revenue for the current quarter. Darling has his work cut out for him, but at least the NIKE, Inc. (NYSE:NKE) pedigree is compelling.
China’s leading video-sharing site will be offering more than 2,500 hours of popular shows from Hong Kong Television Broadcasts Limited to its users across many mobile devices. The two companies will also begin exploring original online content.
Last year’s completed merger between Youku and Tudou created a company that’s serving up roughly a third of the streaming video consumed in the world’s most populous nation. That’s a big advantage when it approaches content creators that want to reach the widest audience possible.
The article This Week’s 5 Smartest Stock Moves originally appeared on Fool.com and is written by Rick Munarriz.
Longtime Fool contributor Rick Munarriz has no position in any stocks mentioned. The Motley Fool recommends NIKE, Inc. (NYSE:NKE). The Motley Fool owns shares of Microsoft Corporation (NASDAQ:MSFT), NIKE, Inc. (NYSE:NKE), and Skullcandy.
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